Pioneer Energy Services Corp (NYSE:PES) shares gapped up before the market opened on Thursday . The stock had previously closed at $0.26, but opened at $0.27. Pioneer Energy Services shares last traded at $0.28, with a volume of 7,225,479 shares.

A number of equities analysts have issued reports on PES shares. ValuEngine cut shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Imperial Capital cut their target price on shares of Pioneer Energy Services from $2.00 to $1.00 and set an “in-line” rating for the company in a research report on Thursday, May 30th. Finally, Piper Jaffray Companies downgraded shares of Pioneer Energy Services from an “overweight” rating to a “neutral” rating in a report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $2.79.

The company has a 50-day simple moving average of $0.31. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.99 and a quick ratio of 1.80. The stock has a market capitalization of $19.94 million, a price-to-earnings ratio of -0.54 and a beta of 3.27.

Pioneer Energy Services (NYSE:PES) last posted its earnings results on Thursday, May 2nd. The oil and gas company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.04. The business had revenue of $146.57 million for the quarter, compared to analysts’ expectations of $143.93 million. Pioneer Energy Services had a negative net margin of 8.95% and a negative return on equity of 26.33%. As a group, research analysts expect that Pioneer Energy Services Corp will post -0.51 earnings per share for the current year.

Large investors have recently modified their holdings of the business. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Pioneer Energy Services during the fourth quarter worth $308,000. Mackay Shields LLC acquired a new stake in shares of Pioneer Energy Services during the fourth quarter worth $44,000. Everence Capital Management Inc. raised its holdings in shares of Pioneer Energy Services by 133.0% during the first quarter. Everence Capital Management Inc. now owns 83,910 shares of the oil and gas company’s stock worth $149,000 after purchasing an additional 47,890 shares during the period. Oregon Public Employees Retirement Fund acquired a new stake in shares of Pioneer Energy Services during the fourth quarter worth $37,000. Finally, Macquarie Group Ltd. grew its position in shares of Pioneer Energy Services by 17.4% during the fourth quarter. Macquarie Group Ltd. now owns 6,783,848 shares of the oil and gas company’s stock worth $8,344,000 after acquiring an additional 1,004,338 shares during the last quarter. 72.40% of the stock is currently owned by institutional investors.

Pioneer Energy Services Company Profile (NYSE:PES)

Pioneer Energy Services Corp. provides land-based drilling and production services to oil and gas exploration and production companies. It provides contract land drilling services in the Marcellus/Utica, Permian Basin and Eagle Ford, and Bakken regions, as well as in Colombia. The company operates 16 AC rigs in the United States and 8 SCR rigs in Colombia.

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